FCPT Acquires Five Veterinary Clinics for $13.8 Million
Four Corners Property Trust Inc. (FCPT) has acquired a portfolio of five veterinary clinics for $13.8 million. The clinics, located in California, Florida, North Carolina, and Texas, include two National Veterinary Associates clinics, two Banfield Pet Hospital locations, and one Mission Pet Health property. All properties are corporate-operated under net leases with an average of nine years remaining. The acquisition was completed at a 7.3% cap rate based on current rent, excluding transaction costs.
Four Corners Property Trust Inc. (FCPT) has announced the acquisition of a five-property veterinary clinic portfolio for $13.8 million. The portfolio includes two National Veterinary Associates clinics, two Banfield Pet Hospital locations, and one Mission Pet Health property. These clinics are situated in prime retail corridors across California, Florida, North Carolina, and Texas. All properties are corporate-operated under net leases, with a weighted average of nine years remaining on the terms. The deal was completed at a 7.3% cap rate based on current rent, excluding transaction costs. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FCPT - Four Corners Property Trust Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251110059475) on November 10, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
